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<br /> DEED OF TRUSl'WITH FUTURE ADVANCES `� °
<br /> THIS DEED OF TRUST,Is made as oi the 19tDday oi Kny• ,19 97,by and amonp � y
<br /> �-
<br /> Dale L Johason A� Fern Rae Johnson . huoband and wife �
<br /> the Trustor, �
<br /> 1511 R Cleburn St Grand Ieland Ne 68001-353�
<br /> whose matling address Is__ (herein"Trustor',whether one or mote),
<br /> �TN�� Five Points Bank, s Nebraeka Cor oration
<br /> ���u��r��� P•0. Box 156? Grand Ieland, NE 688@2 (herein`Truatee'),end
<br /> Five Pointe Bank
<br /> the 8eneffccita�y, --
<br /> �������a 2015 li. Hroadrell Grand Ialand, HE. 66802-1507 ����n'Ler�dei").
<br /> Dele L Johnson
<br /> FQR VALUABLE CONSI6ERATION,induding Lendei'a extenslon ot credit IdentiBad herein to
<br /> i FArn Rae Johnaon _
<br /> (heroin'Boerower;wFwther crs�or mo�a)and the trust herein croated,the rcical�lt
<br /> M,�.��� �y ,a�m►MAeciged; Tnistor hareby irrevocabty grents, transiers,conveys end essigns to TNatee, IN TRUST,WITi�
<br /> P�WER OF SALE.fa the bee�elit and security oi Lanckx,under end sub)ect bo the Gxms ena cx�ndiuona i�ereina"ef sni iu�u�,��a r�.�t
<br /> pr��S6)�i�oakirFiiZeenT�15)ninSSchi�iyierYSeAdditiontto th�e�City�oi•GrendLIsla�d,
<br /> H�11 County, ll�brask�.
<br /> Together with all buUdlnps�improvements,flxturas,streeta�alleys.PasaegewaY�,easements�rl9hts�Privllages and appurten�ncae
<br /> k�rated thereon or In enywisu Pertalninp thereW.end the rents,laaues end prolks�reversio�s end rort�ak�den thereof�and such p�r-
<br /> sona�propeAy that Is attached to the improvements so ea to constitute a tlxture,fndudinp,but not Ilmited to,heattn�end 000linp equlP°
<br /> menk and topethe►with the homoatead or madtel interests,if any,wh�h Intereata ere hereby raleased end waNed;all oi wh�t►,k�c�ud-
<br /> �qg re�laoemenb end eddidons thereto,is hereby dedared to be e paR ot the real estete secured by the Nen oi thls Deed oi Truat�rM
<br /> afl�f the forepo�np beln9 rote�ed to hereln as the'Properl�.
<br /> 'Phle pesd of Truet shnll securo(a)the payment of the principal sum end Intereat evldenced by a prombsory note a cxedit Mptes^
<br /> rnent dalsd, !f v 19th 1l97 _ .having a maturity date of llsv 25th 2�2
<br /> in the orl�inat;prindpel amount oi= 32,02t�.50 ,and eny end all modiftcaUons,extenatons and ro�newale
<br /> tt��oi pr theneto and eny and all futuro advanc�end readvancas to Borcower(or eny of tt►em�������L���to
<br /> 10 one or moro prombaorY notes or credH apreerc�ente(herein calbd'Note'� (bI�Pel�
<br /> ����u�y of ths Note;(o)the pe�f�rmance of ail covenanb and egroemenb of Trustor set forth herekr and td)all prosent nrxl
<br /> ry�q�m H�t�dr�ss an�!obl{yerions of Borrower(or eny ot them N moro than onej to Len�Mr whether direct,tndiroct,ab�oNd�or contln°
<br /> geM and whelher erieln�by note,9uaraMy.o'+►erdreR or othervWse.The Note,thls Deed nt Truat and any and all other docurnenta th8t
<br /> secure t1M Note or otherwiae executed in cvnnactbn therewith,Including without Ilmitatlon guarantees,securfty nyreemenfa enr!
<br /> �eastpnmenb of laase�and renta,ehall be retert�d to herein as the'Loan Insbuments'.
<br /> Trustor oovenants and m9rees with Lender ss folbws:
<br /> 1, paym�nt o/kid�btednsss.All indebtedneas exured hereby shell be paid whan due.
<br /> 2. TitN.Trustor Is the�wner ot the Proporty,haa the rfght end ecthorily to convey the Property,and vrarreMs that tho Oen croat-
<br /> ed hereby ts e flrst and prbr Ilen on the Property,except for Ilens end encumbrences set Torth by Trusto�In wdNng and dallvered to
<br /> ILa�der before axecutbn ut Mis Deed o1 Trust,and the execudon and delivery of thfs Deed oi Trust does not vlolate any contract or
<br /> other obligatbn to whlch Tnrs4or is�ubJect.
<br /> 3.Tax�s.Ass�wn►�nt�.To pay before delinquency all taxes,3pecial assessments end ell other chargc�rs agalnst tho Property
<br /> nc�w or hereaRer{evied.
<br /> 4.Imunnce.7o keep the Property Insured egainst damage by fire,hazarda included withln the tertn'extonped coverage',and
<br /> � such nther hazerda ea l.er�fer may require, in emounb and with wmpanles uccepteble to Lender, naming Lender es an edcfitional
<br /> �amed insured,with bss pe�Yable to the Lender. In case oi bss under such pollcies,the Lender Is euthorized to edJust, cdbct and
<br /> oompromise,ell ctaima thereursder and shall have the opdon of eaplying ali or part of the insurance prooeeds(q to any indebtedness
<br /> aecured h�areby end In such oMer es Lender may determirse,(if)to the Trustor to be used for the repair or restoraUon of the Property or
<br /> (Iff)!or eny othor purpoae or obJect satlafactory to Lender without affecttny the Ilen of thls Deed of Trost tor the full amount secured
<br /> L��L...._r.,�..�,��..,.��avp�t�c nl�.Mv aooik;aUona of proceeds to indebtedness shall not ext�r►d or postpone tho due date
<br /> no.o..�..o...���..�,--•-•-- --- -- • - •
<br /> of any payment�under the Note,or cure any default thereunder or hereunder.
<br />-- 5.Esarow. Upon written damand by LerMer,T�ustar shatl pay to Lertder,In such manner es Lender may deslgnato,aufflcient
<br />— sums to enable Lender to pay as they become due one or more o(the foliowing:(i)all taxes,essessments anc!other charges agelnst
<br />— the Property, (ii) the premiums on the property Insurance requlred hereunder,end (III) the premiums on eny mortgage Insurance
<br />_- requiaed by Lender.
<br />° 6. M�InNnanc�, R�paln and Complianc�wEth Lsvw. Trustor shatl keep the Property In good condition and repalr; shell
<br />` prompdy repair,or replace nny improvement which may bo damaged or destroyed;shail�ot commit or pertnit any waste or dotedora-
<br />"" tion tlf the Properly:chatl not remove,demolish or subslantialiy alter any o(the Improvements on the Property; shall not commit,sutfer
<br />".� or permit eny ect to be done in or upon the Property In vlolaUon oi any law, oMlnance,or regulaUon;and shail pay and promptly clis-
<br />;� charge at TrustoPs wst end expense atl Ilens,encumbrancds and charges levied, imposed or accessed against the Property or�ny
<br /> � part thercal.
<br />- 7. Ernln�nt Doma�n. Lender is hereby essig�ned etl compensaacn,awards,damages and other payments or rellef(herelnaRer
<br /> � Mi:3tS11Nor�0��npWIMLG!
<br /> o tiee ewra,r ew a cannruLu�,na s+rro��u�awm.lnooh NNx.w y
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